Markets and Mining Notes From New York Exchange
Market summary shows varied activity with closing bids and loan rates noted. Investors monitor call loans and acceptances as finance headlines reflect short term shifts in credit conditions.
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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 07, 1926
Page
14
Market summary shows varied activity with closing bids and loan rates noted. Investors monitor call loans and acceptances as finance headlines reflect short term shifts in credit conditions.
Wheat futures rallied with a 4 cent gain per bushel on European delivery prompts as reports of stronger domestic demand emerged. Corn rose modestly while oats stayed nearly flat, with provisions fluctuating. Traders noted initial selling pressure fading as millers sought bread materials and some brokers covered losses, pushing prices toward session highs.
New York stock activity featured mixed movements with a softer turnover as easier money rates pressed down. The Federal Mining and Smelting dividend of 10 dollars on common heightened reactionary selling, while steel led a modest recovery on expectations of better stockholder treatment. The anthracite peace talks linger unresolved and general news offered little positive momentum.
Cattle and hog markets show steady to higher requests with strong beef cattle and fat lambs. Receipts include 12,000 cattle and 14,000 sheep at Omaha and Sioux City with active fat yearlings, better hogs at 11.40 to 11.60 for 200- to 200-pound butchers, and veal steady to 9.50. Sheep and lambs rise into mid-teens for light fat lambs while heavier weights move slower. Regional reports indicate firm stocker demand and scarce stockers.
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